{"id":84059,"date":"2023-09-06T12:10:13","date_gmt":"2023-09-06T09:10:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84059"},"modified":"2025-09-12T15:04:09","modified_gmt":"2025-09-12T12:04:09","slug":"report-bitcoin-trading-volume-falls-to-its-lowest-since-october-2020","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/report-bitcoin-trading-volume-falls-to-its-lowest-since-october-2020\/","title":{"rendered":"Report: Bitcoin trading volume falls to its lowest since October 2020"},"content":{"rendered":"<p>Trading volume of Bitcoin on centralized platforms in August was the lowest since October 2020, at $423 billion. Bitfinex analysts note this in a <a href=\\\"https:\/\/blog.bitfinex.com\/wp-content\/uploads\/2023\/09\/Bitfinex-Alpha-70.pdf\\\">report<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\\n<\/p>\n<p><em>\\&#8221;Trading volume has been steadily declining across all fronts for several months,\\&#8221;<\/em> the document says.<\/p>\n<p>\\n<\/p><\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>Experts say this signals a loss of confidence in Bitcoin and the broader crypto-asset sector.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>A low-liquidity environment makes the market for digital assets susceptible to substantial price swings even with modest trading volumes, the experts noted.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>The driving force was the derivatives market, whose turnover at times was 20 times higher than spot values on centralized platforms (CEX).<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Analysts noted rising investor pessimism and the need for a new catalyst to restore positive market conditions.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>They noted that <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-slips-below-26000-as-sec-decision-on-bitcoin-etfs-weighs-on-markets\">news around the position <span data-descr=\\\"U.S. Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span><\/a> regarding <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> began to exert a less pronounced influence on market prices, while U.S. macroeconomic data triggered a more sensitive reaction.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/analysts-flag-drop-in-exchange-turnover-to-2020-levels\">Total trading volume across cryptocurrency exchanges for April\u2013June<\/a> fell to its lowest since Q4 2020, according to Kaiko.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitfinex: trading volume of Bitcoin on centralized platforms in August was the lowest since October 2020 at $423 billion.<\/p>\n","protected":false},"author":1,"featured_media":84060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,95,1166,1145],"class_list":["post-84059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitfinex","tag-centralized-exchanges-cex","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=84059"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84059\/revisions"}],"predecessor-version":[{"id":84061,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84059\/revisions\/84061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/84060"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=84059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=84059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=84059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}